HEMI vs. MRNY
HEMI (Hartford Equity Premium Income ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. HEMI charges 0.49%/yr vs 0.99%/yr for MRNY.
Performance
HEMI vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, HEMI achieves a 5.99% return, which is significantly lower than MRNY's 74.80% return.
HEMI
- 1D
- 0.07%
- 1M
- -1.03%
- YTD
- 5.99%
- 6M
- 5.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- -0.57%
- 1M
- 20.11%
- YTD
- 74.80%
- 6M
- 59.53%
- 1Y
- 67.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEMI vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEMI Hartford Equity Premium Income ETF | 5.99% | 0.75% |
MRNY YieldMax MRNA Option Income Strategy ETF | 74.80% | -3.66% |
Correlation
The correlation between HEMI and MRNY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025 | 0.31 |
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Return for Risk
HEMI vs. MRNY — Risk / Return Rank
HEMI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MRNY
HEMI vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Equity Premium Income ETF (HEMI) and YieldMax MRNA Option Income Strategy ETF (MRNY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HEMI | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.17 | — |
| Martin ratioReturn relative to average drawdown | — | 4.19 | — |
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Drawdowns
HEMI vs. MRNY - Drawdown Comparison
The maximum HEMI drawdown since its inception was -7.80%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for HEMI and MRNY.
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Drawdown Indicators
| HEMI | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.80% | -82.15% | +74.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -2.71% | -63.20% | +60.49% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -52.87% | +51.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.26% | — |
Volatility
HEMI vs. MRNY - Volatility Comparison
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Volatility by Period
| HEMI | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 51.06% | -37.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 51.01% | -37.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.58% | 51.01% | -37.43% |
HEMI vs. MRNY - Expense Ratio Comparison
HEMI has a 0.49% expense ratio, which is lower than MRNY's 0.99% expense ratio.
Dividends
HEMI vs. MRNY - Dividend Comparison
HEMI's dividend yield for the trailing twelve months is around 3.54%, less than MRNY's 83.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HEMI Hartford Equity Premium Income ETF | 3.54% | 0.00% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 83.08% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
HEMI and MRNY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEMI is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEMI is cheaper with a 0.49% expense ratio, compared with 0.99% for MRNY.
MRNY has the higher dividend yield at 83.08%, compared with 3.54% for HEMI.
They also come from different issuers: Hartford Funds and YieldMax. Their fees differ too: 0.49% for HEMI and 0.99% for MRNY.
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